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U.S. jobless claims drop after three weeks of increases
U.S. jobless claims drop after three weeks of increases

Initial jobless claims fell last week, a welcoming sign for the labor market after a few weeks where applications inched up. The number of first-time claims for unemployment benefits dropped to 319,000 last week, a decrease of 26,000 from the week before, the Labor Department said Thursday. The drop broke three straight-weeks of increases in claims. The four-week average, which is a less volatile barometer, rose by 4,500 last week to 324,750. Jobless claims are unpredictable around this time of year, experts said. Spring break at schools can bring a rise in claims because contract workers in some states are allowed to file for temporary benefits during that time. The recent Easter...

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